REHDA Proposes Export Duty To Complement Cement Liberalisation

Real Estate and Housing Developers Association (REHDA) welcomes the Government’s decision to liberalise the cement market with the abolishment of ceiling price for cement.

REHDA, however, does not agree with the Government’s decision to impose import duty of 10% on cement importers because the move is counter-productive in combating the inflationary trend and in addressing the current shortage of cement. 

President of REHDA Malaysia, Mr Ng Seing Liong, JP expressed concern that such a move will result in increasing cement prices by local manufacturers.

“Instead, REHDA suggests that the Government should impose an export duty of 15% to 20% to ensure adequate supply for the domestic market. ” Mr. Ng said.

Meanwhile, REHDA has set up a hotline at 603 – 7880 8000 for the industry to highlight issues concerning building materials including cement. “REHDA appreciates any feedback in order to facilitate possible solutions,” Mr. Ng added.

Issued by:

Ng Seing Liong, JP

黄腾亮局绅
PRESIDENT
REAL ESTATE AND HOUSING DEVELOPERS’ ASSOCIATION MALAYSIA